Money Pad

Money Pad The Future Wallet
Rahul Purohit (036) Computer Science SLBS Engg. College
Content

Introduction Key Words How to use Money Pad? Why use Money Pad? Fields Of Application Conclusion Query
Introduction
Money Pad is 21st centurys Wallet. It works on Biometric Technology for authentication of user by impression of his fingers . It is a form of smart card. It containing digital cash and other financial information, updated perhaps automatically.
Key Words
Money Pad Biometric Technology Digital cash or e-cash Finger Print Reader Personal Digital Assistance(PDA) Some other keywords
Money Pad
Space for Read/Write Write Protect Nob
Magnetic Disk
Touch Sensor
Outer Cover
Central Hub
Money pad is a biometric system similar to a credit card or a smart card just like a floppy disk. It consists of a touch sensor and magnetic disk as its peripherals. Touch sensor is used to record the fingerprint of the user. Magnetic disk, which has the read and write permission is used to hold the authentication details of the user, bank code as well as digital-cash. The bank code and account number of the owner of this money pad is present on the label. Advancements like Biometrics Technology has made individual privacy even more secure.
Money Pad
Biometric Technology
Technology used to accurately identify and verify an individuals identity. based on unique physiological or behavioral characteristics. Biometrics can provide very secure and convenient authentication.
This is related to parts of human body so it is secure and difficult to forget.
E-Cash or Digital Cash
It refers to various method that allows a person to purchase goods or services by transmitting a number from one Computer to another.
The numbers are issued by a bank and represent sums of real money. Digital cash is anonymous and reusable.
A machine with read/write head capable of reading the information stored in the Money Pad.
Finger Print Reader
A PDA, sometimes referred to as a palm-top computer.
small than a laptop.

Have less computing power. Used to send email via a wireless modem. perform other common business and personal tasks.
Personal Digital Assistance(PDA)
Float The transaction in terms of digital-cash, which takes zero-sum gain, is called float. Fiat Money Authorized money. Specie-Backed Coined money.
Legitimate Law full.
Other Key Words
New User : 1. Visit a nearby bank with e-banking facility. 2. Create an account with some balance. 3. Give necessary details along with finger prints. 4. User is given bank code & account number along with money pad NOTE : The Money Pad consists of stored information like account number, bank code (from where he has purchased this money pad)and his fingerprint.
How To Use Money Pad?
Transaction Using Money Pad :

Place your finger on the touch sensor & then on the finger print reader. Enter bank code & account number to enter into ebank services. If a finger print match occurs the reader knows that he is a authorised user and allows for further transactions. If not then the reader comes to know that the user is unauthorised and a E-mail will send to authorised user.
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The accuracy of any biometric system is measured in two ways

False Acceptance Rate Where an impostor is accepted as a match
False Rejection Rate where a legitimate match is denied access
WHY USE MONEY PAD?

Instant cleaning of funds. Avoids insecure ways of carrying money. Provides strong security. Can be used by a common man. Avoids nuisance of renewing.
Fields Of Application
Applicable in e-banks and in any kind of etransaction. Can be used to carry out remote transactions. Useful to carry Digital cash. Utilization of personal data in filling order forms. Applicable in m-commerce transactions. Applicable in daily life.
For a digital currency system to attain widespread recognition and use the following three requirements are necessary: 1. Instant clearing of funds 2. Elimination of payment risk 3. Secure transactions using strong encryption Since the Money Pad aims to satisfy the above conditions there is no doubt that in near future it will be widely recommended for use .
Conclusion
Query.
THANK
YOU..

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Money Pad The Future Wallet

Rahul Purohit (036) Computer Science SLBS Engg. College

This is related to parts of human body so it is secure and difficult to forget.

E-Cash or Digital Cash

Finger Print Reader

A PDA, sometimes referred to as a palm-top computer.

small than a laptop.

Personal Digital Assistance(PDA)

Legitimate Law full.

Other Key Words

How To Use Money Pad?

Transaction Using Money Pad :

The accuracy of any biometric system is measured in two ways

WHY USE MONEY PAD?

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